Ledger To Launch @LedgerToLaunch
Offering bookkeeping and financial management services for Amazon sellers. ledgertolaunch.com Tampa, FL Joined December 2024-
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Breaking down those huge goals or projects into small, attackable tasks forces you to make progress, fail, and learn. No better way.
Then, figure out your liquidity. Add your current bank account balances to your Amazon reserve balance + pending sales. Discount the Amazon reserve balance by 20%, and the pending sales by 50%. This has served me and my clients well to project the next 30-35 days of cash flow.
Are you running your Amazon business on credit cards? You should have a solid projection for your next 30-45 days of cash flow. How do you do that? Start by keeping track of your payment due dates and the statement balances of your cards.
@SleekStash Have you submitted a case with seller support for them to investigate further? You can override their "investigation" on the shipments page by asking them directly through Seller Support with proof of purchase and delivery
Learn to optimize your inventory purchases and spending habits, and you’ll find that you’ll naturally be able to avoid these interest charges.
Credit cards can be a great way to run a reselling business. They can even net you some sweet rewards and miles/points. But the interest rates are so high, that paying interest every month can sink your margins and prevent you from stockpiling cash to further scale your operation.
If you’re running an Amazon business on credit cards, you need to avoid paying credit card interest at all costs. How do you do this? Pay off your statement balance in full each month.
Biggest e-commerce mistakes: Stocking out of inventory Over-stocking bad inventory Scaling too fast without solid systems Not knowing ROI and profit numbers on your products. Avoid these like the plague and you'll be on the right track.
Too many resellers on Amazon don't treat their efforts as a business. Hire a bookkeeper, use third-party platforms to track and manage your inventory, and manage your cash flow effectively. Know your numbers!
We're doing FREE bookkeeping and financial records consultations in the month of January. DM us to book your 30 minute call!
Yes, they're great to see product velocity, winning ASIN's, and keep track of COGS, and you shouldn't get rid of them. But they're not bookkeeping platforms. If you're doing more than $10K a month in gross sales, you will need more intensive financial management.
Are you making sure you're accounting for all of the fees and adjustments related to Amazon in your bookkeeping? Sellerboard/Sellerise/InventoryLab and similar platforms occasionally miss some data. Relying on these platforms for your P&L isn't 100% accurate.
The biggest mistakes I’ve made in wholesale: 1️⃣ Ignoring cash flow early on 2️⃣ Buying more than I could sell 3️⃣ Trusting the wrong suppliers 4️⃣ Skipping test buys 5️⃣ Underestimating competition The lessons: → net margin comes first → relationships matter most → slow growth beats no growth
@7FigSaykho Very true. Relationships are still important even in the data-driven business that is Amazon selling.
@re_fba What brands got you hit with the Section 3's? Noticed a lot of those across the board last year
DM or visit our website for more info!
Our integrated solution delivers: Real-time inventory tracking AI-powered demand forecasting Automated reorder points Cash flow optimization
Did you know? 43% of small businesses either don't track inventory or use manual methods. Here's why that's costing you money:
Did you know brands on Amazon can hit you with an IP complaint even if you sold out of the ASIN from that brand? Best practice: if an ASIN sells out, and you don't have plans to replenish it, delete the ASIN/SKU. Build that weekly schedule for your business!
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